Senior Risk and Compliance Manager at FEM

Key responsibilities:

Governance

• Ensure an integrated approach is taken with regards to risk and compliance management.
• Ensure regulatory reporting and submissions are performed on time.
• Stay up to date with regulatory changes to ensure risk and compliance management activities remain appropriate and effective and emerging risks are identified timeously.

Risk management

• Drive the implementation and continuous improvement of the ERM framework, including risk identification, assessment, management, monitoring, and reporting processes.
• Ensure risks are appropriately managed in line with the company’s risk appetite.
• Monitor adherence to and compliance with the ERM policies and procedures.
• Develop and maintain partnerships with key internal and external stakeholders including the Board, Management, and regulators.
• Promote a risk-aware culture through training and awareness campaigns.
• Identify and assess the risks and controls related to new products, projects, systems.
• Ensure risks are well managed and anticipated by monitoring and analyzing trends and changes in the business environment.
• Ensure reporting to stakeholders is timely, accurate, and complete.

Compliance

• Drive the implementation and continuous improvement of the compliance management framework, including the compliance universe, CRMPs, and compliance monitoring.
• Ensure compliance risks are appropriately identified, assessed, managed, monitored, and reported.
• Provide assurance on compliance with laws, regulations, and organisational policies.
• Drive the compliance monitoring program and ensure maintenance of effective internal controls.
• Manage the execution of the compliance plan.
• Identify and respond to risks posed by regulatory changes.
• Ensure reporting to stakeholders is timely, accurate, and complete.

People management

• Manage performance of direct reports and co-ordinate the development of technical competencies.
• Manage relationships with the team through teamwork, knowledge sharing, and collaboration.
• Uplift the skills of the team by mentoring and training others.
• Identify personal development and career progression opportunities for direct reports.

Requirements:

• Relevant bachelor’s degree in a related field.
• Minimum of 5-7 years’ work experience in risk management and compliance, preferably within the insurance sector.
• Minimum of 3-5 years’ experience in a management role.
• Strong understanding of risk and compliance management principles and practices.
• Effective communication and interpersonal skills with ability to work collaboratively across teams and with senior management.
• Demonstrated ability to manage multiple tasks and projects simultaneously with high attention to detail and organisation.
• Familiarity with risk and compliance software is desirable.
• Familiarity with the Insurance Act and COID Act is desirable.